Battery Testing Equipment Market Overview, Size & Share, Future Evolution & Forecast till 2028

Market Outlook for Battery Testing Equipment:

Battery testing equipment is a multi-purpose testing device used for verifying the electrical potential and life cycle of a battery either prior to its inception in an electronic device or in later stages of the battery to test its condition and identify the cause of disruption in batteries which are in use. Some of the detailed specifications provided by the battery testing equipment about the battery are the storage space, impedance, load of the battery and the life cycle performance of the battery. Battery testing equipment is a valuable tool for industrial, electronic devices and automotive manufacturers, which enables them to validate the life cycle and functionality of the device itself during research and commence large-scale production.

Automotive Industry to electrify future for Battery Testing Equipment

Technological advancements have triggered an upsurge in the demand for portable products such as powered tools, et cetera, which is indirectly driving the demand for battery testing equipment market. Battery testing equipment with extremely digitized features and modern and user-friendly features such as touchscreen operational are appearing in the market. Consumers are increasingly priding themselves for owing personalized gadgets and availability of personalized battery testing equipment is catering to the trend of sophistication. The demand for portable battery testing equipment is spurred by the tremendous number of launches of wearable in the market.

Looming electric future in the automotive industry is expected to have the largest impact on the growth of battery testing equipment market. In the automotive industry, battery testing is carried out for a lengthy period to offer a reliable basis of battery life warranty. Hence, battery testing equipment with high precision cuts short this period resulting in early inception and production of the electric vehicles. Hence, the demand for high precision battery testing equipment is effectuating in the evolution of battery testing equipment in the market. Instruments and software systems that enable and manage the working condition and life-cycles of batteries is being viewed as a cost-effective option by consumers, as opposed to the process of repeated replacements of batteries. On the supply side, manufacturers have expanded services for battery testing equipment by offering short term and long terms rental services.

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Global Battery Testing Equipment Market: Segmentation:

The battery testing equipment market is segmented on the basis of product type, end use and capacity.

On the basis of product type, the battery testing equipment market is segmented into-

Stationary Battery Testing Equipment
Portable Battery Testing Equipment

On the basis of product type, the battery testing equipment market is segmented into-

Automotive
Industrial
Electronics and Telecommunications
Medical
Grid & Renewable Energy
Military/Aerospace
Others

On the basis of product type, the battery testing equipment market is segmented into-

Below 400 V
401-800 V
Above 800 V

Global Battery Testing Equipment Market: Key Participants

Examples of some of the market participants in the global battery testing equipment market identified across the value chain include AVL List GmbH, Storage Battery Systems, LLC, Chen Tech Electric., Chroma Systems Solutions, Inc., Megger Group Limited, Greenlight Innovation, Intertek Group plc, Chauvin Arnoux Metrix and FLIR Systems amongst others.

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global Battery Testing Equipment Market: Key Developments

In September 2018, the company Advanced Test Equipment Rentals (ATEC), which provides high quality testing rental testing services, expanded its battery testing equipment rental product portfolio with the launch of Arbin LBT21024, which features with basic charge and discharge cycling in the telecommunication industry.

Opportunities for Battery Testing Equipment Market Participants:

The market for battery testing equipment is booming in regions like South East Asia, where the market is plagued with lack of convenient and charging infrastructure and is not yet prepared to support the growth of electric vehicles (EVs). Many start-up companies are commencing the establishment of battery testing and charging chambers. With only small players carrying the load of this demand, there are a plethora of opportunities for global players to capitalize on the battery testing equipment market in this region.

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The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges in the Battery Testing Equipment Market
Key Players in the Battery Testing Equipment Market
Technology
Value Chain

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the battery testing equipment industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments in the battery testing equipment market
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for Battery Testing Equipment market players to sustain and enhance their market footprint

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This release was published on openPR.